🇺🇸 Federal Reserve slashes interest rates by 0.5%
🇺🇸 Federal Reserve slashes interest rates by 0.5%, signaling a shift towards monetary easing amid job market concerns
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Federal Reserve slashes interest rates by 0.5%, signaling a shift towards monetary easing amid job market concerns. Powell projects further cuts, with rates expected to reach 2.75%-3.00% by 2026. Markets react cautiously, with stocks flat, bond yields mixed, and the dollar weakening slightly. Some analysts question the necessity of such a large cut, while futures markets anticipate more aggressive easing than the Fed's projections suggest.
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Wall Street Journal:
Fed Cuts Rates by Half Percentage Point
The Federal Reserve voted to lower interest rates by a half percentage point, opting for a bolder start in making its first reduction since 2020. The long-anticipated pivot followed an all-out fight against inflation the central bank launched two years ago.
Fed Cuts Rates by Half Percentage Point
The Federal Reserve voted to lower interest rates by a half percentage point, opting for a bolder start in making its first reduction since 2020. The long-anticipated pivot followed an all-out fight against inflation the central bank launched two years ago.
More:
The Economist, The Guardian, BBC, Forbes, NPR, Coindesk, Barrons, Reuters, MarketWatch
Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
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Bluesky
JD Vance fans in North Carolina boo the news that the Fed has cut interest rates 🥴
— Aaron Rupar (@atrupar.bsky.social) September 19, 2024 at 5:38 AM
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It’s uncool and cringy in some circles to say this, but doing better than every other developed economy at managing the fallout of a global crisis means the country did a good job. The government’s policy approach was a success.
— Nicholas Grossman (@nicholasgrossman.bsky.social) September 19, 2024 at 4:57 AM
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Happy Fed rate cut day to all who observe.
— George Pearkes (@peark.es) September 18, 2024 at 8:16 PM